Warren Buffett’s chip-stock purchase is a classic example of why you want to be ‘greedy only when others are fearful’

Warren Buffett's chip-stock purchase is a classic example of why you want to be 'greedy only when others are fearful'

This has been quite a year for Berkshire Hathaway and CEO Warren Buffett. The conglomerate just disclosed its investments in other companies as of the end of the third quarter, and one name — and one industry — stands out. In its 13F filing with the the Securities and Exchange Commission on Nov. 14, Berkshire … Read more

Visa tops earnings expectations as CFO sees ‘no evidence of a pullback’ in spending

Visa tops earnings expectations as CFO sees 'no evidence of a pullback' in spending

Visa Inc. topped expectations with its latest results Tuesday and gave an upbeat signal to investors about the resilience of spending volumes in the current macroeconomic climate. Amid increasing unease about the state of the consumer given factors like rising inflation and higher interest rates, Visa V, -0.83% joined fellow card company American Express Co. … Read more

Shopify stock sinks amid layoff plan as CEO admits, ‘I got this wrong’

Shopify stock sinks amid layoff plan as CEO admits, 'I got this wrong'

At the height of the COVID-19 crisis, many companies tethered to online spending predicted that the pandemic would permanently alter the trajectory of e-commerce growth for the better as people built new shopping habits online. Now Shopify Inc. SHOP, -14.06% has become the latest to admit that its projections may have gotten out of hand. … Read more